HIGHLIGHTS
- Value-Add Opportunity – At 80% occupancy, Brainerd Market Center offers a rare opportunity of strong “in-place” income with upside
- Walmart Supercenter Shadow – Adjacent to a high performing Walmart Supercenter. Walmart owns its own store.
- National Tenant Roster – Brainerd Market Center is leased to national, regional, and local retailers such as Dollar Tree, Cato, It’s Fashion
- Location and Growth – Brainerd Market Center is neighbored by the extensively renovated Eastgate Town Center, a mixed use city center with retail
- Long Term Tenancy – With an average tenant tenure of 12.5 years and several in place since inception, Brainerd Market Center boasts a stable in-place
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$123 USD /SF
CAP RATE
7.26%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Brainerd Market Center
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
275
LAND DETAILS
CROSS STREETS
Cornelison Rd
LAND ACRES
5.35 AC
LAND SF
233,046 SF
ZONING
C
APN/PARCEL ID
157M-A-009.04
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404-849-1631
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